Are you planning to buy a resident property? If yes, then you must take a close look at the several types of residential properties available in the market.

The residential property market offers a diverse landscape for investors.  Whether you're seeking steady rental income, long-term capital appreciation, or a combination of both, there's a property type ideally suited to your goals.

In this article, we’re going to discuss the most common types of housing property investments available to help you make informed decisions for a secure and prosperous future.

1. Apartments or Flats

Apartments are one of the most common housing types available in the country today. You will find apartments selling in almost all major cities, and the trend has also been observed in leading Tier-2 cities and suburban areas.

Flats or apartments, as they are known, are part of vertical housing projects, such as high-rises, complexes, towers, gated communities, and even low-rise projects. These residential land for sale are often available in 1, 2, and 3 BHK configurations; some projects even offer buyers 4—and 5-BHK units.

These residential property types include everything from sports facilities, open spaces, greenery, clubhouses, recreational amenities, safety and health features to basic retail, education, and more!

This is why this housing property type is one of the most popular choices for most affluent, middle-income, and lower-income buyers.

2. Studio Apartments or RK units

When you start your search for houses and apartments for rent near me, you will find that many projects, especially in metro and Tier-1 cities, offer studio apartments for solo occupants or investors.

Studio apartments are also known as RK (room-kitchen) units. They do not have separate living rooms or bedrooms. They are compact and more efficient units that are preferred by students, working professionals, and others.

3. Duplexes and Triplexes

In some projects, there are two-stored apartment units or duplexes and even three-storied apartment units called triplexes.

These residential homes offer a unique bungalow-like proposition for families with one living and dining room and even one kitchen in some cases, accompanied by multiple rooms and spaces on various floors.

4. Bungalows

You may also be looking for this residential property type.  Bungalows are luxurious properties that offer lawns/gardens, outdoor areas, and parking and are far from other properties.

Bungalows are often more expensive than other types because they occupy more of the residential land area. They also come in various types, usually two or three storeys or simply one-storied yet sprawling houses

5. Independent Homes

Independent homes are also one of the most common types of housing property investments. There are homes available not only in metro cities but throughout the country.

These are independently built homes of one, two, or three stories (sometimes even more), which may or may not have parking space, gardens, and distance from other houses in the neighborhood.

They may or may not be costlier than apartments since they are built on smaller land parcels.

6. Penthouses

Penthouses are also found at the upper and luxurious end of the residential property spectrum.

These are exclusive and located only on the top floors of properties. They offer the best views, more natural light, and better ventilation. They occupy a whole floor, giving a feeling similar to that of living in an independent home.

These housing apartments for rent may have several levels within the same unit in some cases. Ceilings are also higher for penthouses, which come with luxurious amenities and features, including private elevators, personal terraces, outdoor areas, etc.

7. Villas

Another luxurious type of investment is Villas, which are designed homes with cutting-edge amenities, backyards, and lawns and are usually situated within gated projects or communities.

Villas offer independent living with all the advantages of a residential complex. They are costlier than many apartments, depending on the area provided and the location. Villas offer more privacy as well.

8. Farmhouse

The last residential property investment type is farmhouses that are unusually adjacent to agricultural land, gardens, and working farms.

Buying a farmhouse can be a great option if you are looking for a property to make your second home or holiday/vacation home.

You will find more space for relaxing, gardening, growing vegetables and fruits, pursuing fitness activities, and hosting get-togethers without any hassles. Numerous farmhouses and such projects are on the outskirts of major cities in India.

Concluding Thoughts

The properties mentioned above are various types of properties available in the residential segment that you can invest in.

There are also plotted developments, i.e., the developer offers plots of land for sale within a gated community. In such cases, you will invest in the plot and then build your own house just as you want it.